I. Show single-step and multi-step of Comprehensive Income.

1. Prepare single-step Statement of Comprehensive Income using the following:

Revenues - 20,000

Rent expense - 3,000

Salaries expense - 4,000

Utilities expense - 2,000

Learners can use any business name and the end of the current year for the heading.

5. Prepare multi-step Statement of Comprehensive Income using the following:

Sales - 20,000

Cost of Goods Sold - 10,000

General and administrative expenses - 4,000

Selling expenses - 2,000

Learners can use any business name and the end of the current year for the heading.